India, June 30 -- Pune -

The state transport department has given the Maharashtra State Road Transport Corporation (MSRTC) one month to pull up its socks failing which, MSRTC officials will face disciplinary action including transfers, demotions and suspension. The directive comes amid mounting concern over the transport utility's financial performance with as many as 21 out of 31 state divisions reporting losses despite a recent fare hike.

Reviewing the corporation's performance, Maharashtra transport minister and MSRTC chairman Pratap Sarnaik said, "The corporation had suffered significant losses during April and May; the two months that traditionally generate the highest revenue. Despite the fare revision, revenue failed to meet expe...